20 Trending AI Stocks on Latest Analyst Ratings and News

11. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holders: 120

Micron Technology (NASDAQ:MU) makes and sells memory and storage products. The company recently announced the availability of a new solid-state drive that offers two times faster performance than the previous model. The new drive would give gamers, students and creatives a boost in speed when they boot and use data-intensive applications, per the company. The new solid-state drive has capacities up to 2 terabytes and read and write speeds of 7,100 and 6,000 megabytes per second respectively. The new offering expands the portfolio of Micron Technology to address PCs, laptops and PlayStation 5.

Baird recently lowered the price target on Micron Technology (NASDAQ:MU) stock to $150 from $172 and kept an Outperform rating on the shares. The advisory said Micron expected its HBM share to hit parity with its overall DRAM market share in C2025, which was the crux of Baird’s investment thesis on the stock given their views HBM could generate low-60%s gross margin while representing a 60% CAGR. Baird said the chipmaker remained one of their top ideas and valuation was attractive and the HBM opportunity was not fully priced in.